Asia stocks advance after Wall Street’s recovery continues

Asia stocks advanced on Friday after Wall Street ended volatile trade in positive territory, adding to the previous session’s big gains, although lingering investor jitters helped support safe-haven currencies such as the yen.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.8 percent. It has fallen 3 percent so far in December.

The Shanghai Composite Index moved up 0.35 percent.

Australian stocks added 1 percent and South Korea’s KOSPI climbed 0.5 percent. Japan’s Nikkei bucked the trend and slipped 0.3 percent, losing some steam after surging nearly 4 percent on Thursday.

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